Bharat Vasani on Companies Law Committee Report

A Companies Law Committee was setup last year to look into the functioning of the Companies Act 2013 and recommend changes that would make it easier to do business in India. The report was submitted to the Finance Minister today and is now public. As per the report, the committee’s recommendations will result in changes to about 78 sections of the Companies Act 2013 and more than 100 changes in the Act itself. Menaka Doshi of CNBC-TV18 spoke with Bharat Vasani, a member of the panel on Companies Act to find out the scope of the changes recommended by the committee.